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Cotiviti Holdings, Inc. (COTV)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13
   10-K10-K10-K10-KS-1
Revenues:  
    Healthcare  605.2552.0467.0359.8 
    Global Retail and Other  73.473.174.381.5 
Total revenues  678.7625.2541.3441.4160.2
            Revenue growth   [+]8.6%15.5%22.7%175.5% 
Cost of goods sold   [+]610.4600.7480.0408.00.0
Gross profit  68.324.561.333.4160.2
            Gross margin  10.1%3.9%11.3%7.6%100.0%
Selling, general and administrative   [+]244.9216.2202.7135.321.7
Other operating expenses  -425.4-406.7-339.9-271.656.4
EBITDA   [+]248.8214.9198.5169.782.1
            EBITDA margin  36.7%34.4%36.7%38.5%51.3%
Depreciation and amortization  25.620.212.77.49.2
EBITA  223.2194.8185.8162.373.0
            EBITA margin  32.9%31.2%34.3%36.8%45.5%
Amortization of intangibles  59.660.861.552.4 
EBIT   [+]163.6134.0124.4110.073.0
            EBIT margin  24.1%21.4%23.0%24.9%45.5%
Non-recurring items   [+]1.3 27.879.8 
Interest expense  34.948.765.651.75.8
Other income (expense), net   [+]-1.0-15.5-3.3-21.1-1.1
Pre-tax income  126.469.827.7-42.666.0
Income taxes  -11.821.014.4-16.824.2
            Tax rate   30.0%52.0%39.4%36.7%
Net income  138.248.913.9-25.841.8
            Net margin  20.4%7.8%2.6%-5.9%26.1%
   
Basic EPS   [+]$1.50$0.57$0.17($0.40) 
Diluted EPS   [+]$1.45$0.55$0.17($0.40) 
   
Dividends per share   [+] $1.76   
   
Shares outstanding (basic)   [+]91.985.177.265.3 
Shares outstanding (diluted)   [+]95.188.677.665.3 
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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